Acccuntfcrsmuansacticns. (LG 1, H). Clad-(sen Chivas, Inc., 1ultras started cn July 1. sum. The ccrnpan}:r is authcrized to issue Emmi] shares at 6%. $1 El per 1traluve preferred stack. and 1 ,m shares cf ccmn'lcn stcck mm a par value at $1 per share. The icllcwing stchr. transacticns tcck place during the fiscal year ended June 30. 2011 : Issued when shares cf ccmrncn stack for cash at $2 per share Issued 5, shares at preferred stock icr cash at $115 per shaie Issued 15,000 shares cf ccmrncn stack for cash at $4 per share M Issued teen shares at preferred stock icr cash at $1 20 per s are Issued 25,000 shares cf ccmrncn stack for cash at $6 per share Requirements 1 Show each transacticn in the acccunting equation. 2. Prepare the contributed capital pcrcn cf the sharehclders' spurt}.r secttcn cf the balance sheet at June 30,3311